Category : Encore Enterprises

Encore Enterprises Doubles-Down on Dallas: Acquires Class B Commercial Medical Office Building, Reopens Corporate HQ as Owner-Occupied Tenant

Posted on: June 9, 2025 by Hailey

DALLAS – (June 9, 2025) – Encore Enterprises, Inc. (Encore) today announced the acquisition of a two-story, Class B medical office building at $114 PSF with 61,356 rentable square feet, located at 16980 N. Dallas Parkway. Situated on 3.144 acres fronting the N. Dallas Tollway north of Westgrove, adjacent to the Quorum/Bent Tree submarket, Encore financed the $7 million property through a bank loan from the Dallas Commercial & Industrial team at Cadence Bank in the inaugural business transaction between the entities. The acquisition grows the Encore Commercial, LLC portfolio to 27 properties under management and marks the sole commercial office asset in the mix.

“Dallas pride runs deep in the heart of Encore Enterprises, where for 26 years we’ve called this thriving metroplex home,” said Bharat Sangani, M.D., chairman and CEO, Encore Enterprises. “With the acquisition 16980 N. Dallas Parkway, we cement our future in one of the strongest performing economies in the nation while also helping reinvigorate Dallas’ tough office market.”

Built in 1985 and renovated between 2015-2017, 16980 N. Dallas Parkway is 58.2% occupied by five strong credit tenants, four of which have been in the building over 10 years, with no lease expirations until 2026. Encore Enterprises will self-manage the property and relocate its corporate headquarters there. The building features high-quality construction with a brick and glass façade and 50 below-grade garage spaces alongside 22 covered surface parking spaces. With easy access to the President George Bush Turnpike, 16980 N. Dallas Parkway is 15 miles from downtown Dallas, 13 miles from Love Field Airport and 20 miles from DFW International Airport. There are over 70 restaurants and 22 lodging options within three miles, and over 80 retail establishments and nine nature trails within six miles. Just over 1 acre of partially paved vacant land along the N. Dallas Parkway frontage road remains green space for future development.

“Despite sector volatility and a challenging lending environment, securing financing for an owner-occupied office building remains achievable for elite buyers like Encore Enterprises who not only have a remarkable performance track record and deep experience managing commercial properties, but also robust financial strength” said Sam Manohar, Cadence Bank SVP, senior relationship manager in Dallas. “After a comprehensive audit of all financials and portfolio assets, it was clear there was a strategic opportunity to finance 16980 N. Dallas Parkway and commence a new partnership with a financially resilient and established company like Encore.”

About Encore Enterprises, Inc.
Founded in 1999, Encore Enterprises, Inc. (Encore) is a Dallas-based vertically integrated, diversified investment firm. Since inception, Encore has completed over 150 commercial real estate transactions valued at $3.7 billion, with $1.8 billion current AUM across 32 states. Focusing on opportunistic and value-add strategies in non-gateway markets throughout the U.S., Encore develops, acquires and manages mixed-use retail centers, multifamily apartment developments, limited and full-service hotels, commercial office buildings and Veterans’ administration medical office centers. Encore also acquires operating companies in the medical, dental and restaurant industries as part of its sustainable investment model. Encore boasts one of the best 26-year track records in the industry, underscoring the firm’s focus on operational stability, prioritization of capital preservation and strength across market cycles. Encore investment offerings are available through Ignite Investments, a wholly owned subsidiary and the exclusive investor relations platform for Encore Enterprises. To learn more, visit https://encore.bz.

About Cadence Bank
Cadence Bank (NYSE: CADE) is a $50 billion regional financial services company committed to helping people, companies and communities prosper. With more than 350 locations spanning the South and Texas, Cadence offers comprehensive services and products including commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning and retirement plan management, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards to meet the needs of individuals, businesses and corporations. Accolades include being recognized as one of the nation’s best employers by Forbes and U.S. News & World Report and a “2025 America’s Best Banks” by Forbes. Cadence maintains corporate offices in Houston and Tupelo, Miss., and has dutifully served customers for nearly 150 years. Learn more at www.cadencebank.com. Cadence Bank, Member FDIC. Equal Housing Lender.

Encore 7 Brew opens in Riverton, partners with Mason Wright to raise over $100,000 for the Single Parent Project

Posted on: April 30, 2025 by Hailey

Encore Restaurants to bring 7 Brew Drive-Thru to Salt Lake City and Phoenix

Posted on: December 30, 2024 by encorebz

New Trader Joe’s Opens in Bedford on Former Site of Macy’s

Posted on: March 29, 2019 by encorebz

BEDFORD, N.H. —Thirty minutes before the official grand opening, the aisles at the new Trader Joe’s in Bedford were already packed.

The opening of the grocery store marks the end of phase one for the Market and Main complex, and developers said there is more to come.

Learn more…

North Dallas Office to Undergo a $9M Upgrade

Posted on: January 30, 2018 by encorebz

DALLAS — GuideStone Financial Resources has owned its headquarters at 2401 Cedar Springs in Dallas since 1989. It is relocating those headquarters late this summer to Pinnacle Tower, located at 5005 LBJ Freeway in North Dallas near the Galleria.

Encore Hospitality Adds Braintree Hotel to Portfolio

Posted on: July 14, 2017 by encorebz

(Braintree, MA) July 13, 2017 – Encore Hospitality, LLC, a subsidiary of Encore Enterprises, Inc., is pleased to announce it has purchased a Hampton Inn hotel in Braintree, Massachusetts. The 4-story, 103-room hotel currently operates as a Hampton Inn, but will be extensively renovated to achieve Hilton brand standards.

“We are excited to acquire this new hotel for our growing portfolio,” said Chairman of Encore Enterprises, Inc. Dr. Bharat Sangani. “By renovating the hotel, we will strengthen our relationship with the Hilton franchise and increase satisfaction for the hotel’s customers.”

Encore plans to invest around $25,000 per room to completely renovate all aspects of the hotel including guest rooms, meeting rooms, lobby, lounge, exterior of the building, landscaping, and the pool area.

Located in Braintree, MA, the Hampton Inn is positioned off of a major intersection that provides convenient access to Downtown Boston as well as Cape Cod.

“Since this property is only one of two Hilton-branded hotels in the entire tri-city of Braintree, Canton, and Quincy, we are creating a better option for customers by renovating,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to investing in the renovation of the hotel so it can add to the amenities offered by Hilton’s incredibly high distribution of units that makes it such a sought-after brand.”

About Encore Enterprises, Inc. – Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc., or call (214) 259-7000.

About Encore Hospitality, LLC – Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector. For more information, visit Encore Hospitality, LLC, or call (214) 259-7000.

New 300-Unit Riverwalk Apartment Community Announced for Panther Island

Posted on: March 1, 2017 by encorebz

Encore Panther Island will be a thoughtfully designed luxury apartment community with direct access to the first segment of Riverwalk on the island.

(Fort Worth, Texas) October 20, 2016 – Encore Multi-Family, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., is officially under contract to break ground on the first private development on Panther Island. The thoughtfully designed 233,198 square-foot multi-family community will feature creative solutions to connect the streetscape to the Riverwalk environment planned for the district. Residents will be able to enjoy exceptional amenities including waterfront balconies, an infinity pool with cascading waterfalls, a state-of-the-art fitness facility and a top floor lounge that will feature the most dynamic views of downtown. Located at the intersection of 4^th Street and North Main Street, residents at the 300-unit community will be walking distance to Panther Island Brewing, Coyote Drive-In, and Panther Island Pavilion.

The community will be situated along the first segment of a series of interconnected canals that will wind throughout the island. This portion of the canal has been designed to accommodate a stop for the water taxis that are expected to serve the island. In addition, it will be accessible for those wanting to launch kayaks, canoes, and stand up paddle boards.

“We carefully studied the Riverwalk in San Antonio and worked closely with the Trinity River Vision Authority Design Committee to combine the organic feel beloved in San Antonino with Fort Worth’s distinct culture to create a one-of-a-kind living experience,” said Bradley Miller, President of Encore Multi-Family. “We have designed community spaces along the Riverwalk to give our residents a true outdoor living room experience that will promote the active outdoor lifestyle that’s central to Panther Island.”

“As the first development within the district we have carefully designed our project to fully integrate into this special high-density mixed-use district. We are dedicated to creating a special pedestrian-focused experience that allows our residents to walk out their front door and walk along the canal to enjoy the boardwalk along Fort Worth’s future town lake,” said Bharat Sangani, Chairman of Encore Enterprises.

The design of the buildings celebrates Fort Worth’s rich connection to the railroad and takes cues from the historic railroad bridge trusses located throughout the city. The iron features throughout the design will be carefully balanced with extensive landscaping featuring a multitude of trees and native plantings.

This community will be the first development to break ground within the Panther Island District – a vibrant waterfront mixed-use development located in the heart of Fort Worth. The more than 10,000 residences planned and 12 miles of active urban waterfront – including flowing canals and corridors that create uniquely-walkable spaces – will give rise to new businesses, trendy restaurants, and a booming nightlife.

Construction for Encore Panther Island is slated to begin Summer 2017. Encore Multi-Family anticipates a grand opening date of Summer 2018.

About Encore Multi-Family, LLC
Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc. and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multifamily development projects and acquisitions including ground-up developments, joint ventures and mixed-use turn key developments. For more information about Encore Multi-Family, LLC, visit encore.bz or call (214) 259-7000.

New 253-Unit Class A Apartment Community Under Construction on Swiss Avenue

Posted on: January 19, 2017 by adma1

Encore Swiss Ave. will be a thoughtfully designed luxury apartment community in Dallas’s near east side close to the Baylor University Medical Center at Dallas.

(Dallas, Texas) January 19, 2017 – Encore Multi-Family, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., has officially broken ground on Encore Swiss Avenue on the corner of Swiss Avenue and North Peak Street near East Dallas. The thoughtfully designed 253-unit and 204,752 square-foot multi-family community will feature a contemporary design with a nod to the historical nature of the neighborhood.

“Demand in the area has outpaced supply and current demand drivers continue to be strong,” said Bharat Sangani, Chairman of Encore Enterprises. “We are seeing millennials continue to rent for longer than previous generations and anticipate that these demand drivers will only get stronger in the future.”

The leasing office and front door will front Swiss Avenue providing a pedestrian connection to the enhanced streetscape and landscape parkway. The Residents will enjoy a luxurious clubroom for entertaining and business center both directly linked to a formally landscaped pool courtyard with fountains, raised spa, casual seating and grill stations. Other amenities include a state-of-the-art fitness facility and 24-hour package concierge.

Encore Swiss Avenue will offer a variety of one and two-bedroom units designed to provide variability in pricing to the market. All units are professionally designed and will have the latest finishes including stainless steel appliances, energy efficient LED lighting fixtures, and individual full size washer/dryers.

“We are excited about the opportunity to develop a community in the historic Swiss Avenue corridor in near East Dallas, just two miles from the CBD,” said Brad Miller, President of Encore Multi-Family. “This project is culmination of two years of careful planning and design.”

Construction for Encore Swiss Avenue is currently under way first units available for occupancy the First Quarter 2018.

About Encore Multi-Family, LLC
Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc. and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multifamily development projects and acquisitions including ground-up developments, joint ventures and mixed-use turnkey developments. For more information about Encore Multi-Family, LLC, visit encore.bz or call (214) 259-7000.

Encore Restaurants Opens New Five Guys in Riverbank, CA

Posted on: April 11, 2016 by encorebz

(Riverbank, CA) April 11, 2016 – Encore Restaurants, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., opened its newest Five Guys Burgers and Fries restaurant today. The restaurant located at 2207 Claribel Rd, Suite B in Riverbank, CA and is the twelfth Five Guys restaurant to be owned and managed by Encore Restaurants, LLC.

“We are eager to continue our expansion of the Five Guys brand across California,” said Chairman of Encore Enterprises, Inc. Dr. Bharat Sangani. “We expect great things from this new location and are excited to continue expansion in the future.”

Open every day from 11 a.m. to 10 p.m., Five Guys serves award-winning burgers, hot dogs, and fries that are fresh, never frozen, and customizable for any taste with over 250,000 burger options to be ordered. Five Guy’s has been ZAGAT survey rated every year since 2001 and has been voted the Washingtonian Magazine’s “Readers’ Choice” #1 Burger every year since 1999.

“Time and time again we’ve had such great reception from the residents of California so far and we are sure our newest store will be no exception,” said Dale Doerhoff, president of Encore Restaurants. “We are excited to be able to bring such a well-known brand to a new location and look forward to operating in Riverbank.”

About Encore Restaurants, LLC – Encore Restaurants, LLC. develops, owns and manages specific territories of various Full Dining, Fast Casual, and Quick Serve concepts across the United States. For information regarding future development locations, please contact Stacey Barber at 228-547-0293. For more information about Encore, visit encorebz.wp.brainvire.dev or call (214) 259-7000.

Encore Hospitality Adds Harrisonburg Hotel to Portfolio

Posted on: March 10, 2016 by encorebz

(Harrisonburg, VA) March 10, 2016 – Encore Hospitality, LLC, a subsidiary of Encore Enterprises, Inc., recently purchased a hotel in Harrisonburg, VA. The 4-story, 140-room hotel currently operates as a Holiday Inn, but will be converted to a DoubleTree, after extensive upcoming renovations to satisfy Hilton brand standards.

“We are excited to acquire this new hotel for our growing portfolio,” said Chairman of Encore Enterprises, Inc. Dr. Bharat Sangani. “We are excited to continue to grow our relationship with the Hilton franchise in this new location.”

Encore plans to invest $50,000 per room to completely upgrade all aspects of the hotel including guest rooms, meeting rooms, lobby, lounge, exterior of the building, landscaping and the pool area. Once the renovations are complete, the hotel will take on the DoubleTree by Hilton name, offering all the perks of the Hilton brand and the Hilton HHonors program.

Located in Harrisonburg, VA just a mile away from James Madison University and located off of a major interchange that provides convenient access to Downtown Harrisonburg as well as Shenandoah National Park and George Washington National Forest, the hotel is centrally located for sightseeing. The hotel will also provide a new wedding and social event venue in the area as it is the only full-service hotel in the market.

“Converting this hotel to a full-service DoubleTree provides much desired hotel services to the Harrisonburg area,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to investing in the renovation of the hotel so it can add to the amenities offered in Harrisonburg unlike any other hotel offers in the area.”

About Encore Hospitality, LLC – Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector. For more information about Encore Hospitality, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.